Financial Globalization, Economic Growth, and Macroeconomic Volatility

Borradores de Economia
Number: 
430
Published: 
Classification JEL: 
F30, F41, F43, G15, G18, C51
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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This paper evaluates the effects of financial globalization on growth and macroeconomic volatility, from 1984 to 2003, for a sample of 43 countries. Particular attention is given to those effects on the member countries of the Latin American Reserve Fund